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The World’s Largest Power Plant is a $27 billion ‘Engineering Wonder’

Located on the border of Brazil and Paraguay, the Itaipú Dam produced 103.09 million megawatt-hours (MWh) of electricity in 2016 — making the hydroelectric system the world’s largest power plant. Ten years after its completion in 1984, the American Society of Civil Engineers named it “one of the seven engineering wonders of the modern world.” Building …

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First Batch of Natural Gas to be Delivered to Turkey via TANAP in 2018

The construction of the Trans Anatolian Natural Gas Pipeline (TANAP) has been completed by 77.3 percent, said Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, in an interview with the Anadolu Agency. According to him, TANAP is an important project for Azerbaijan, Turkey and Europe in terms of ensuring …

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Freight Traffic via BTK to be Doubled After 20 Years – Ministry

Freight Traffic via BTK to be Doubled After 20 Years – Ministry

The Baku-Tbilisi-Kars (BTK) railway is expected to be commissioned in late August-early September 2017, Turkey’s Ministry of Transport, Maritime and Communications told Trend. According to the ministry, this project is important not only for Turkey, but for the whole region. “The BTK project will ensure transportation of goods from Central …

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Iran-Azerbaijan Railway Cooperation to Work Out Soon

Iran-Azerbaijan Railway Cooperation to Work Out Soon

In the coming months, Iran and Azerbaijan are expected to launch transporting goods and cargos through the International North-South Transport Corridor, a grand project that will intricately interconnect Europe and Asia. Tehran and Baku are apparently making efforts to boom trade turnover, which surged by 78 percent to reach $221.2 …

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Azerbaijan, Turkey to Create Information Exchange System

Azerbaijan and Turkey will sign an agreement on creating an electronic system for preliminary exchange of information on transit transportation by vehicles, the Azerbaijani State Customs Committee said July 17. The signing will take place in Baku on July 19 as part of the trilateral meeting of the heads of …

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Japan, South Korea Face ‘Tipping Point’: Philip Morris CEO

SEOUL – Due to the rapid take-up of alternative tobacco devices in Japan and South Korea, Philip Morris International, the world’s most valuable cigarette company, is looking to begin talks with governments within five years on phasing out cigarettes. The time frame is based on projections of when users of …

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Last Installation Work on BTK Railway Underway in Turkey

Last Installation Work on BTK Railway Underway in Turkey

Last installation work is being carried out on the Baku-Tbilisi-Kars (BTK) railway in the Turkish province of Ardahan, the country’s media outlets reported July 8. Certain work is being carried out in night time for the early commissioning of the railway, according to the report. The BTK railway is being …

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SOFA Strives to Strengthen Movie Biz Infrastructure in Central, Eastern Europe

Four years ago Nikolaj Nikitin launched his innovative training program the School of Film Agents (SOFA), which provides tutoring and mentoring for movie biz professionals outside the production sector. Next month, its latest edition opens in Warsaw, Poland, following its recent edition in Tbilisi, Georgia. Variety caught up with Nikitin, who also …

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Volkswagen Re-Enters Iranian Market After 17 Years

Volkswagen Re-Enters Iranian Market After 17 Years

German carmaker Volkswagen (VW) said Tuesday it would resume exports to Iran as soon as next month, marking a return to the resurgent market of the Islamic Republic after a 17-year absence. The aim is to reduce the manufacturer’s dependence on volatile markets such as China and Brazil. VW’s deliveries …

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